North Korea has tested missiles, and Alibaba faces further pressure from Chinese authorities

Top events

North Korea tested a long-range missile

Pyongyang claims to have successfully tested a new long-range missile at the weekend that is able to hit most of Japan. According to the North Koreans, the tested missiles flew 1,500 kilometers, hit targets and fell into the territorial waters of the DPRK. If the claim is confirmed, the test shows that despite the economic crisis and widespread hardship, the country is still able to develop sophisticated weapons.

Tokyo said it was concerned about North Korea’s activities, monitoring the situation with its southern neighbor and the United States. Representatives of the three countries should address the denuclearization of the Korean Peninsula at a joint meeting this week.

Democrats are likely to propose a smaller tax leap

Democrats in the Senate are likely to propose an increase in the corporate tax rate to 26.5 percent, which would affect the richest companies, the American media claims, referring to sources familiar with the situation. That’s less than President Joe Biden considered, which planned to increase from the current 21 percent to 28 percent.

It turns out that it will not be easy for him to push through a sharp rise in taxes and ensure full financing of his massive investment and social spending plan. Democrats are likely to propose an increase in other taxes, for example on capital gains.

Ryanair warns that travel will become more expensive next year

Ryanair chief Michael O’Leary warned in an interview with the Sunday Times that ticket prices could rise sharply next year.

“I think there will be a dramatic revival of holiday tourism in Europe next year. And the reason why I think prices will be dramatically higher is less capacity, “he said, adding that a number of Ryanair’s competitors in the short flight segment were reducing their fleet. “In Europe, there will be about twenty percent less capacity in 2022 with a sharp recovery in demand,” he added.

From markets and stock exchanges

Alibaba shares fell

Shares of Chinese internet retailer Alibaba fell after news that its financial subsidiary Ant Group is again under the scrutiny of the authorities. The Financial Times claims that regulators want to break the Alipay payment service, which has more than a billion users.

It would be another of Beijing’s actions against big business. Ant Group could also allegedly be forced to hand over user data used to assess loans to a new, partly state-owned credit company.

The Prague manufacturer of doors for Boeings and Airbuses is calling Mayday.  He lost orders and fired

Bribing Mugabe

A BBC investigation suggests that one of Britain’s largest companies, British American Tobacco (BAT), appears to have given a bribe to former infamous Zimbabwean President Robert Mugabe. According to documents, she was to be involved in negotiations to pay up to $ 500,000 to Mugabe’s party in 2013. Mugabe died in 2019.

BAT also allegedly provided bribes in South Africa and carried out illegal surveillance to harm competition.

Tweet of the day

“We all have a duty to do good,” says Pope Francis. I am honored to welcome the Holy Father to Slovakia on his apostolic journey – a very special feeling for all citizens of Slovakia and for me personally.

Slovak President Zuzana Čaputová welcomed Pope František at Bratislava Airport, who began a four-day visit to Slovakia on Sunday afternoon. The main program will begin today. The head of the Catholic Church is in the country for the first time since 2003, the highlight of the event will be Wednesday’s Mass in Šaštín near the border with the Czech Republic.

It will happen today

  • The plenary session of the European Parliament begins.
  • Parliamentary elections are held in Norway.
  • US Secretary of State Antony Blinken will hold a hearing on Afghanistan before the House Foreign Affairs Committee.
  • The Organization of the Petroleum Exporting Countries (OPEC) will issue a monthly report on the market situation.

The energy revolution for billions awaits Škoda.  In heating plants, they will replace coal with biomass

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